CNO Financial Group, Inc. (NYSE:CNO) CIO Sells $155,500.02 in Stock

CNO Financial Group, Inc. (NYSE:CNO) CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares of the company’s stock, valued at $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CNO Financial Group Stock Performance

CNO stock opened at $39.38 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The business’s fifty day simple moving average is $35.93 and its two-hundred day simple moving average is $32.07. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.29. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 15.88 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue was up 19.2% compared to the same quarter last year. Analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.63%. CNO Financial Group’s payout ratio is 25.81%.

Analysts Set New Price Targets

A number of research firms have recently commented on CNO. Evercore ISI increased their target price on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Piper Sandler increased their target price on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.50.

Hedge Funds Weigh In On CNO Financial Group

Several institutional investors have recently made changes to their positions in CNO. Assenagon Asset Management S.A. increased its stake in shares of CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after buying an additional 899,990 shares during the period. Victory Capital Management Inc. increased its stake in shares of CNO Financial Group by 455.1% during the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after buying an additional 637,254 shares during the period. American Century Companies Inc. increased its stake in shares of CNO Financial Group by 19.4% during the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after buying an additional 343,819 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of CNO Financial Group by 97.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after buying an additional 306,751 shares during the period. Finally, FMR LLC increased its stake in shares of CNO Financial Group by 28.8% during the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after buying an additional 232,631 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.